SeaWorld Entertainment, Inc. (NYSE:SEAS – Get Rating) CEO Marc Swanson sold 4,000 shares of the company in a transaction on Thursday, October 13. The share was sold at an average price of $48.75, for a total value of $195,000.00. Following the completion of the sale, the CEO now directly owns 162,129 shares of the company, valued at $7,903,788.75. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website.
Marc Swanson also recently made the following trades:
- On Friday, September 16, Marc Swanson sold 4,000 shares of SeaWorld Entertainment. The share was sold at an average price of $54.17, for a total value of $216,680.00.
- On Thursday, August 18, Marc Swanson sold 4,000 shares of SeaWorld Entertainment. The share was sold at an average price of $54.12, for a total value of $216,480.00.
SeaWorld Entertainment Price Performance
Shares of SeaWorld Entertainment traded down $1.36 during trading on Friday to settle at $49.37. 852,174 shares of the company’s stock hands, compared to its average volume of 1,125,328. SeaWorld Entertainment, Inc. has a 1-year minimum of $40.01 and a 1-year maximum of $76.57. The stock has a market capitalization of $3.34 billion, a P/E ratio of 13.48, and a beta of 1.99. The company has a 50-day simple moving average of $51.62 and a 200-day simple moving average of $54.06.
SeaWorld Entertainment (NYSE:SEAS – Get Rating) last published its quarterly earnings data on Thursday, August 4. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.59 by $0.03. SeaWorld Entertainment had a negative return on equity of 227.46% and a net margin of 16.87%. The company had revenue of $504.80 million in the quarter, compared to analyst expectations of $504.35 million. During the same period last year, the company posted earnings per share of $1.59. SeaWorld Entertainment revenue increased 14.8% compared to the same quarter last year. On average, stock analysts predict that SeaWorld Entertainment, Inc. will post 4.36 earnings per share for the current fiscal year.
Analysts set new price targets
SEAS has been the subject of several recent research reports. Truist Financial lowered its price target on SeaWorld Entertainment to $60.00 from $70.00 and set a “buy” rating on the stock in a research note on Wednesday, Oct. 5. Credit Suisse Group increased its price target on SeaWorld Entertainment to $97.00 in a research note on Tuesday, August 9. KeyCorp downgraded SeaWorld Entertainment to an “industry weight” rating in a research note on Tuesday, July 19. Stifel Nicolaus lowered its price target on SeaWorld Entertainment from $94.00 to $66.00 in a research note on Wednesday, July 20. Finally, Citigroup cut its price target on SeaWorld Entertainment from $52.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday. Four investment analysts rated the stock with a hold rating and six issued a buy rating on the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.44.
Institutional investors weigh in on SeaWorld Entertainment
Institutional investors have recently changed their holdings in the business. JAT Capital Mgmt LP increased its ownership of SeaWorld Entertainment stock by 566.4% during the second quarter. JAT Capital Mgmt LP now owns 1,127,245 shares of the company valued at $49,802,000 after purchasing an additional 958,082 shares during the period. Invesco Ltd. increased its shareholding in SeaWorld Entertainment by 579.7% during the first quarter. Invesco Ltd. now owns 1,122,612 shares of the company valued at $83,566,000 after purchasing an additional 957,438 shares during the period. Arrowstreet Capital Limited Partnership increased its holding in SeaWorld Entertainment stock by 3,606.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 807,922 shares of the company valued at $60,142,000 after purchasing an additional 786,122 shares during the period. Victory Capital Management Inc. increased its share of SeaWorld Entertainment stock by 11,180.1% during the first quarter. Victory Capital Management Inc. now owns 672,180 shares of the company valued at $49,997,000 after purchasing an additional 666,221 shares during the period. Finally, Wedge Capital Management LLP NC increased its share of SeaWorld Entertainment stock by 19,050.6% during the second quarter. Wedge Capital Management LLP NC now owns 603,052 shares of the company valued at $26,643,000 after purchasing an additional 599,903 shares during the period.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc, together with its subsidiaries, operates as an entertainment and theme park company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as the Busch Gardens theme parks in Tampa, Florida and Williamsburg, Virginia.
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